Subsea
Proserv Strikes Restructuring Deal with New Majority Shareholders
Aberdeen-based energy services company Proserv has entered into a restructuring agreement with its principal lenders in order to strengthen its long term financial structure. The agreement will result in up to $50 million of fresh capital being injected into the business and will see existing lender
Japan Coast Guard Expands Wave Glider Fleet
The Japan Coast Guard (JCG) has expanded its unmanned ocean observation fleet of Wave Gliders to the 9th Regional District, headquartered in Niigata, Japan. This growth is part of JCG’s multi-year, ocean monitoring program to provide situational awareness of ocean currents, wave activity, and weathe
Forum Secures ROV Orders in Russia and Norway
Forum Subsea Technologies a subsidiary of Forum Energy Technologies, has seen a strong start to the year with three recent sales awards in Russia and Norway. The deals will see the firm supplying four of its remotely operated vehicles (ROVs) to academia and the aquaculture industry. Forum said that
Kreuz Subsea Charters Seamec Princess
India-based provider of diver support vessel services Seamec has entered into a charter contract for the diving support vessel Seamec Princess with Kreuz Subsea. The charter follows recent deal between the two companies for the multi-role/accommodation vessel MV ‘Revelation’. The Seamec Princess wil
CGG to Make Changes to Board of Directors
French seismic contractor CGG has announced cooptation of three new board members. CGG announced the cooptation of Colette Lewiner to replace Hilde Myrberg, resigning from her board position, for the remainder of her term. Colette Lewiner has graduated from Ecole Normale Supérieure and has a PhD in
New Study Could Safeguard Marine Ecosystems from Deep Sea Mining
New insights into animal patterns around extinct submarine volcanoes could inform measures used to protect marine ecosystems from human activities, such as trawling and deep-sea mining. These insights have been published in Nature Scientific Reports, and show that the structure of marine life commun
iSURVEY Invests in Personnel Training
Survey and positioning services specialist iSURVEY said it has invested more than £40,000 in staff training. iSURVEY staff were educated in rapid and accurate acquisition and processing of seabed survey data. During February and March, the staff gained a deeper understanding and awareness of the key
MacArtney Winches for Assodivers
Assodivers a Greek-based underwater contractor has taken delivery of two MERMAC winches from MacArtney: one 19.5 ton AHC (active heave compensation) winch and one 6 ton umbilical winch. These winches form part of a project relating to Denmark’s biggest offshore wind farm Kriegers Flak located in a s
Boskalis Nets €150M in 2017
Dutch marine services player Royal Boskalis Westminster has returned to profit in 2017 despite 10 percent revenue fall as the company recognized no impairment charges, compared to €840 million impairment in 2016. For the twelve months ended December 31, 2017, Boskalis generated net income of €150 mi
Shell Ocean Discovery XPRIZE Gets Nine Finalists
XPRIZE has announced nine finalist teams advancing in the $7-million Shell Ocean Discovery XPRIZE, a three-year global competition challenging teams to advance ocean technologies for rapid, unmanned and high-resolution ocean exploration. XPRIZE will award each finalist an equal share of a $1 million
Kongsberg Delivers Multibeam Echo Sounders to Shom
Kongsberg Maritime has completed the delivery of portable multibeam echo sounders to Service Hydrographique et Océanographique de la Marine (Shom) in France. Kongsberg Maritime won a tender in late 2017 to supply KONGSBERG EM 2040P multibeam echo sounders to Shom. A total of three EM 2040P systems w
Seabed 2030 Project Starts Operations
The Nippon Foundation-GEBCO Seabed 2030 project, set to map the entirety of the global ocean floor by 2030, has started operations. Officially launched in 2017, the project draws on the experience of international organizations and mapping experts under the coordination of UNESCO’s Intergovernmental
TurkStream Offshore Section Half Way Through
Pioneering Spirit has completed installation of the 50% of the offshore section for the TurkStream offshore gas pipeline in the Black Sea. According to the latest update, over 930 kilometer of the pipeline has been laid in total on the seabed of the Black Sea, divided over two strings. Pioneering Sp
SCS Becomes Xeos Distributor in Scotland
Subsea Commercial Services (SCS) has secured exclusive distribution rights for Xeos Technologies in Scotland. Xeos Technologies designs and manufactures application specific telemetry and data collection products for marine, scientific, law enforcement and military clients. The company has recently